Banking reform in Singapore

Singapore's deputy prime minister and finance minister Lee Hsien Loong talked about banking sector reform, capital raising and foreign competition in an interview published 10 April.

First published by The Banker magazine, 10 April 2003.

"Scene is set for high profile financial centre"

Q Singapore started out reforming its financial centre even before the Asian financial crisis. This move now seems to have been very far-sighted?

A If we had known what was going to happen we would have started even

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